[kidyankee764]

Originally Posted by JayCT

Can it be? Northland is finally going to tear down Church Street South opposite Union Station? That is great news, if it actually happens and if they actually move forward with their very ambitious plans to redevelop the property. Given that Northland has been sitting on Church Street South for years and their similar history up in Hartford with the old YMCA building overlooking Bushnell Park and the Capitol, I am hesitant to get excited. But we will see. Hopefully having two of the tightest rental markets in the country will prod Northland to do something constructive. Of course that has been the case for a number of years now and they have done nothing. They seemed too interested in overbuilding in Austin, Texas which I guess is "Sexier" than boring New Haven or Hartford. The latest I hear is Austin has a glut of housing and prices are plummeting. The opposite seems to be true here. Lets hope they can see that. Jay

At long last, Church Street South demolition will begin | HartfordBusiness.com

Funny, I was just discussing Austin’s rent decline with a friend of a friend who lives there. His wife is in corporate real estate and said Austin’s rents surged 30% since 2010, but dropped .7% last year. She said it’s because Austin’s low income residents are reaching the peak of what they can afford. The high end luxury apartments are still commanding high prices. Even so, their median 1 br apartment is only about $1100, which IMO isn’t too bad for a major metro area.

[BPt111]

I give New Haven 10 years before it 50-60% gentrified

[Stylo]

Originally Posted by BPt111

I give New Haven 10 years before it 50-60% gentrified

What does that mean? How do you measure it? Half of the neighborhoods are already gentrified, including most of downtown.

[BPt111]

Originally Posted by Stylo

What does that mean? How do you measure it? Half of the neighborhoods are already gentrified, including most of downtown.

Outer areas outside Downtown and East Rock

[smarcus]

3 small, yet positive New Haven economic items this week:

-Bender Plumbing opened their expanded showroom and will hire more workers.
-A New Haven start-up, digital publisher LearnToProgram, landed a big contract to produce tv programming.
-Medical company Invicro leased office space in the Alexion building, to expand their Temple St location. NewHavenBiz article below:

Alexion Pharmaceuticals, which is moving its New Haven headquarters to Boston this summer, has subleased more than 39,000 square feet of its building at 100 College St. to medical imaging company Invicro, according to a real estate report.

Jon Keogh, senior broker with Colliers International, highlighted the deal in a recent report on New Haven office market activity during the first quarter of 2018. Keogh said Invicro LLC signed a 13-year lease for 39,576 square feet in the building, marking a major expansion of the Boston-based company's footprint in the Elm City.

Founded in 2008, the Konica Minolta subsidiary provides imaging services and software for research and drug development.
The company, which acquired New Haven startup Molecular Neuroimaging (MNI) in 2016, will retain its lab space at 60 Temple St. but move executive and administrative functions to the College Street building, Keogh said.

Alexion announced last September it would vacate nearly 300,000 square feet of office space in the 14-story downtown building, but would keep research employees in 200,000 square feet of lab space.

Alexion leases the building, built in 2016, from Concord, Mass. developer Winstanley Enterprises. Robert Motley of Cushman & Wakefield represented Alexion, said Keogh. He could not immediately be reached for comment.

[Stylo]

Originally Posted by smarcus

3 small, yet positive New Haven economic items this week:

-Bender Plumbing opened their expanded showroom and will hire more workers.
-A New Haven start-up, digital publisher LearnToProgram, landed a big contract to produce tv programming.
-Medical company Invicro leased office space in the Alexion building, to expand their Temple St location. NewHavenBiz article below:

Alexion Pharmaceuticals, which is moving its New Haven headquarters to Boston this summer, has subleased more than 39,000 square feet of its building at 100 College St. to medical imaging company Invicro, according to a real estate report.

Jon Keogh, senior broker with Colliers International, highlighted the deal in a recent report on New Haven office market activity during the first quarter of 2018. Keogh said Invicro LLC signed a 13-year lease for 39,576 square feet in the building, marking a major expansion of the Boston-based company's footprint in the Elm City.

Founded in 2008, the Konica Minolta subsidiary provides imaging services and software for research and drug development.
The company, which acquired New Haven startup Molecular Neuroimaging (MNI) in 2016, will retain its lab space at 60 Temple St. but move executive and administrative functions to the College Street building, Keogh said.

Alexion announced last September it would vacate nearly 300,000 square feet of office space in the 14-story downtown building, but would keep research employees in 200,000 square feet of lab space.

Alexion leases the building, built in 2016, from Concord, Mass. developer Winstanley Enterprises. Robert Motley of Cushman & Wakefield represented Alexion, said Keogh. He could not immediately be reached for comment.

How quickly 100 College Street makes up for lost Alexion space will be telling. Very high quality office space is in short supply, so if it leases quickly, developers will be watching.

[Stylo]

This is a long time coming:

https://www.newhavenindependent.org/...inal_approval/

[OyCrumbler]

Originally Posted by BPt111

Outer areas outside Downtown and East Rock

So since those are part of New Haven, then your forecast is actually 10 years until 65-75% of New Haven is gentrified? That's a lot of gentrification.

[Stylo]

Originally Posted by OyCrumbler

So since those are part of New Haven, then your forecast is actually 10 years until 65-75% of New Haven is gentrified? That's a lot of gentrification.

That would be really extreme.

[BPt111]

Demolition begins on Church Street South development across street from Union Station

https://www.newhavenindependent.org/...t_south_demo_/